Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Intrinsic Value Partners LLC’s 6th Largest Position

Intrinsic Value Partners LLC lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,318 shares of the semiconductor company’s stock after selling 590 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 4.6% of Intrinsic Value Partners LLC’s portfolio, making the stock its 6th biggest position. Intrinsic Value Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hickory Asset Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $834,000. Manchester Capital Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 61.5% in the 4th quarter. Manchester Capital Management LLC now owns 394 shares of the semiconductor company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. Covenant Asset Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $3,673,000. WealthPlan Investment Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 43.3% in the 4th quarter. WealthPlan Investment Management LLC now owns 1,790 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 541 shares in the last quarter. Finally, Myriad Asset Management US LP purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $2,733,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 1.0 %

Shares of TSM opened at $203.77 on Friday. The stock has a market capitalization of $1.06 trillion, a P/E ratio of 28.94, a PEG ratio of 0.70 and a beta of 1.06. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $205.24 and a two-hundred day simple moving average of $188.67. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $122.91 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.35%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.